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Community Scoop » RITANZ COVID-19 Insolvency Survey Shines Light On Kiwi Business Issues

Press Release – RITANZ Restructuring Insolvency & Turnaround Association New Zealand (RITANZ) has today revealed findings from its COVID-19 insolvency survey, which sought to uncover the views of its members and insolvency practitioners across the country. The survey … Restructuring Insolvency & Turnaround Association New Zealand (RITANZ) has today revealed findings from its COVID-19 insolvency survey, which sought to uncover the views of its members and insolvency practitioners across the country. The survey has revealed that the hospitality industry is expected to be the hardest hit over the next year, with 90% of respondents predicting a rise in insolvency appointments in that sector. This was followed closely by the tourism (88%), retail (82%) and accommodation industries (78%).

RITANZ COVID-19 Insolvency Survey Shines Light On Kiwi Business Issues

Monday, 19 April 2021, 10:40 am Restructuring Insolvency & Turnaround Association New Zealand (RITANZ) has today revealed findings from its COVID-19 insolvency survey, which sought to uncover the views of its members and insolvency practitioners across the country. The survey has revealed that the hospitality industry is expected to be the hardest hit over the next year, with 90% of respondents predicting a rise in insolvency appointments in that sector. This was followed closely by the tourism (88%), retail (82%) and accommodation industries (78%). The vast majority of respondents (93%) expect that insolvency appointments will increase over the next 1-2 years and 60% expect they will rise in the next

RITANZ | Scoop InfoPages

Monday, 19 April 2021, 10:40 am | RITANZ Restructuring Insolvency & Turnaround Association New Zealand (RITANZ) has today revealed findings from its COVID-19 insolvency survey, which sought to uncover the views of its members and insolvency practitioners across the country. The survey . More Friday, 14 June 2019, 8:57 am | RITANZ The Restructuring Insolvency and Turnaround Association of New Zealand (RITANZ) has welcomed news that the Insolvency Practitioners Bill has passed into law on Wednesday, almost a decade after it was first introduced into Parliament. The Insolvency Practitioners . More Wednesday, 30 November 2016, 4:58 pm | RITANZ Auckland, 30 November 2016: The Restructuring, Insolvency and Turnaround Association of New Zealand (RITANZ), the professional body for New Zealand insolvency practitioners,

Insolvency numbers plummet but there are still warning signs, expert cautions

Insolvency numbers plummet but there are still warning signs, expert cautions 31 Jan, 2021 04:00 PM 5 minutes to read There are warning signs that some businesses will come under more financial pressure this year. Photo/ File Court applications to wind up companies plummeted in 2020, bucking expectations of widespread business failures. But an insolvency expert says there are still warning signs that some companies are in for a tough time this year. Read More Wind-up applications dropped nearly 32 per cent from 707 to 481 between 2019 and 2020, figures from the Restructuring Insolvency and Turnaround Association New Zealand show. Liquidation appointments, which includes both solvent and non-solvent ones was also down while receivership appointments rose only slightly from 105 to 115.

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